Evaluator Moderate Correlations

EVMLX Fund

USD 11.52 0.06 0.52%

The current 90-days correlation between Evaluator Moderate Rms and Performance Trust Municipal is 0.05 (i.e., Significant diversification). The correlation of Evaluator Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Evaluator Moderate Correlation With Market

Very weak diversification

The correlation between Evaluator Moderate Rms and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Evaluator Mutual Fund

0.98	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.76	EVFTX	Evaluator Tactically	Pair Corr
1.0	EVFMX	Evaluator Moderate Rms	Pair Corr
0.98	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.97	EVGRX	Evaluator Growth Rms	Pair Corr
0.85	EVGLX	Evaluator Growth Rms	Pair Corr
0.64	EVTTX	Evaluator Tactically	Pair Corr
0.94	EVVLX	Evaluator Very Conse	Pair Corr
0.92	EVVCX	Evaluator Very Conse	Pair Corr

Moving against Evaluator Mutual Fund

0.34	TLFIX	Tiaa Cref Lifecycle	Pair Corr
0.31	RLBFX	American Balanced	Pair Corr

Related Correlations Analysis

	PTRMX	STSEX	ABIMX	PRFHX	PRVBX	0P000070L2	TTRBX
PTRMX		0.31	0.93	0.92	0.21	0.57	0.58	PTRMX
STSEX	0.31		0.15	0.14	0.65	0.44	0.55	STSEX
ABIMX	0.93	0.15		0.93	-0.02	0.46	0.47	ABIMX
PRFHX	0.92	0.14	0.93		0.02	0.45	0.51	PRFHX
PRVBX	0.21	0.65	-0.02	0.02		0.46	0.67	PRVBX
0P000070L2	0.57	0.44	0.46	0.45	0.46		0.71	0P000070L2
TTRBX	0.58	0.55	0.47	0.51	0.67	0.71		TTRBX
	PTRMX	STSEX	ABIMX	PRFHX	PRVBX	0P000070L2	TTRBX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ABIMX	+ 0.93	PTRMX
PRFHX	+ 0.93	ABIMX
PRFHX	+ 0.92	PTRMX
TTRBX	+ 0.71	0P000070L2
TTRBX	+ 0.67	PRVBX
PRVBX	+ 0.65	STSEX

High negative correlations

PRVBX

- 0.02

ABIMX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evaluator Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTRMX	0.08	0.02	(0.43)	1.14	0.00	(0.10)	0.18	(0.13)	0.49
STSEX	0.50	(0.05)	(0.12)	0.00	0.58	(0.56)	0.95	(0.98)	2.35
ABIMX	0.10	0.02	(0.30)	(6.00)	0.00	(0.16)	0.31	(0.10)	0.93
PRFHX	0.09	0.02	(0.33)	5.89	0.00	(0.14)	0.27	(0.09)	0.81
PRVBX	0.07	(0.01)	(0.75)	(0.08)	0.04	(0.07)	0.14	(0.14)	0.36
0P000070L2	0.03	0.00	0.00	0.67	0.00	0.00	0.00	0.00	0.40
TTRBX	0.09	0.00	(0.52)	(0.02)	0.04	(0.12)	0.20	(0.20)	0.50

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